Spain | Monitoring card spending
Published on Friday, May 29, 2020
Big Data techniques used
Spain | Monitoring card spending
During the first weeks of April, confinement reduced weekly card spending by about -60% year-on-year. The progressive advance in lifting lockdown restrictions has mitigated this contraction to -47% in the week of 4-10th of May, -37% in the week of 11-17th of May and -22% in the week of 18-24th of May.
Key points
- Key points:
- Spending performance has been more favourable in the provinces that advanced to phase 1 on the 11th of May, where consumption only dropped by -15% year-on-year last week. In the provinces that moved to Phase 1 on the 18th of May, the fall was somewhat less pronounced, at -18%.
- In contrast, the recovery in expenditure in the provinces that remained in Phase 0 on the 24th of May is delayed (-30% year-on-year in the week of 18-24th of May). However, the easing of restrictions in Madrid and Barcelona resulted in a slight improvement.
- Since the beginning of the lifting lockdown restrictions, all sectors have made good progress, except for accommodation and travel. The growth in purchases of food (74%), pharmaceuticals (11%), books and press (5%) and household equipment (3%) is noteworthy, as well as the performance of spending in beauty centres (-6%).
- Moving from phase 0 to phase 1 moderated by 15 points the year-on-year drop in card spending in the affected provinces during the week of 11-17th of May and by 10 points the decrease in the provinces that entered on 18th of May.
Documents to download
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Presentation (PDF)
gasto_tarjetas_BBVA_semana_del_18_al_24_de_mayo_ext-1.pdf Spanish May 29, 2020
Authors
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Consumption